> ANSA English > News

Finmeccanica poised to sell energy firm

Reports say Italian defence giant to sell Ansaldo Energia

04 September, 16:57
Finmeccanica poised to sell energy firm (ANSA) - Rome, September 4 - Italian defence giant Finmeccanica is poised to sell Ansaldo Energia to a South Korean buyer, Bloomberg said Wednesday.

Citing published reports from Reuters, Bloomberg said that Rome-based Finmeccanica is near to reaching an agreement with Doosan Heavy Industries to sell its power engineering company Ansaldo Energia.

Reuters cited unnamed sources in saying the draft deal could place a value as high as 1.4 billion euros on Ansaldo Energia.

The reports are creating significant volatility in trading in Finmeccanica shares on the Milan Stock Exchange, which gained about 5.58% in value by early afternoon.

photo: CEO Alessandro Pansa